BackHome
Refresh: OffView Personal Schedule
Session Submission Summary
Share...

Direct link:

A Comparative Research on Dormant Fund Schemes and Social Enterprises

Tue, July 16, 12:00 to 1:30pm, TBA

Session Submission Type: Panel

Abstract

Introduction: The aims of the panel
In many countries of the world, various social enterprises play important roles in solving social issues, such as rural revitalization, and poverty reduction, supporting the fragile people is important. To finance these activities dormant fund has been used in several countries. In this session, we would like to focus on the activities of social enterprises and the roles of dormant fund (DF) schemes in financially supporting the activities of social enterprises for public purposes. We would like to discuss whether it is effective to invest funds to social enterprises, since social enterprises can make a profit, and can pay returns to investors. Thus, social impact measurement is important since the dormant fund scheme is based on private funds originally from dormant assets, and disclosure of the results of impact measurement.

Structure of the panel
This panel consists of three papers. Full abstracts of each paper are placed in the reference section.

Paper1: Estimating the Size and Structure of the Social Enterprise Sector in Japan Compared with the UK
Social enterprises have played more and more important roles in Japanese civil society. However, information on the economic size and structure of the social enterprise (SE) sector is very limited. We estimated the size and the structure of the social enterprise sector in Japan, using the operational definition used in the Cabinet Office report. We found that Japan has a much larger social enterprise sector than the UK, which has a longer history of SEs than Japan.

Paper 2: Effects of Dormant Fund Utilization Scheme on Financing Social Sector in Japan
Using the latest micro dataset, we analyze the structure of fund flows and the possible impacts of the DF scheme on the activities of social enterprises. We found possible impacts of the DF scheme on the activities of social enterprises. One of our research questions is whether the DF scheme be more effective in supporting the growth of the social enterprises sector if loan and investment schemes as well as grants were introduced.

Paper 3: Social Impact of Dormant Funds on Civil Society: International Comparative Studies
We analyze the roles of DF schemes in financially supporting the activities of social enterprises for public purposes. We would like to shed special light on 4 countries the UK, Ireland, South Korea, and Japan, all with their own DF schemes that independently run from their governments, while all 20+ countries were surveyed to get basic information for international comparison. Our comparative study could help to launch DF schemes in countries without the system at present.

Presenters:
Ienori Tatefuku, Nihon University, Japan
Asuna Umehara, Japan Institute for Public Policy Studies
Tomoe Okubo, Japan Institute for Public Policy Studies
Naoto Yamauchi, Japan Institute for Public Policy Studies

*Please see the full abstracts and authors of each paper in the abstract section.

References

References for Paper 1
Cabinet Office, 2021, Survey on Specified Nonprofit Corporations 2020 (in Japanese).
https://www.npo-homepage.go.jp/uploads/R2_houjin_report.pdf
Cabinet Office, 2015, A Report on the Aggregated Activity Size of Social Enterprises in Japan, Mitsubishi UFJ Research and Consulting (in Japanese, but an English abstract is available).
https://www5.cao.go.jp/kyumin_yokin/shingikai/sanko/shiryou_3_3.pdf
Department for Digital, Culture, Media and Sport (DCMS) and Department for Business, Energy and Industrial Strategy, 2021, Social Enterprise: Market Trends 2019.
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1101560/Social_Enterprise_Market_Trends_2019_-_Middlesex_University.pdf
Kerlin, Janelle A., 2010, A comparative analysis of the global emergence of social enterprise, Voluntas 21: 162-179.
Salamon, L. M., & Sokolowski, W.,2016, Beyond nonprofits: Re-conceptualizing the third sector. Voluntas 27, pages 1546–1561.
Yamauchi, Naoto, 2016, Commentary on Re-conceptualizing the Third Sector from Japanese Viewpoints, in Voluntas Symposium: Comments on Salamon and Sokolowski’s Re-conceptualization of the Third Sector, Jacques Defourny, Kirsten Grønbjerg, Lucas Meijs, Marthe Nyssens & Naoto Yamauchi, Voluntas, volume 27, pages1546–1561.

References for Paper 2
Baba, Hideaki, Aoki Takahiro, Juntaro Konno, 2022, Utilization of dormant deposit to loan and investment, Kansai University Journal of Commerce, No.2, Vol.64, pp.43-56.
Deposit Insurance Corporation of Japan, 2023, Statistics on dormant deposit related figures. https://www.dic.go.jp/content/000029913.pdf.
JANPIA, 2022, Databook on dormant deposit utilization scheme https://www.janpia.or.jp/about/information/pdf/plan/2021_plan_02.pdf.
Takamiya, Saki, 2021, Utilization of dormant deposit in Japan and overseas, Business Environment Report, December 2021, Dai-ichi Life Research Institute.

References for Paper 3
Baba, H., Aoki, T., Konno, J., 2022. A Consideration on Utilization of Dormant Deposits to Promote Social Investment: The Role of Social Investment Wholesale Bank and Required Impact Measurement. Bus. Rev. Kansai Univ. 17--30. in Japanese
Big Society Capital, 2022. Annual Review 2021.
Cabinet Office Japan, 2016. Research for social impact assessment.
https://www.npo-homepage.go.jp/toukei/sonota-chousa/social-impact-hyouka-chousa-h27 in Japanese
Cabinet Office Japan, 2016. Dormant Deposit Utilization Scheme in the UK in Japanese
Commission on Dormant Assets, 2017. Tackling dormant assets - Recommendations to benefit investors and society-.
Department of Rural and Community Development, 2023. Dormant account fund action plan 2023. Government of Ireland.
Department of Rural and Community Development, 2021. Dormant account fund action plan 2021. Government of Ireland.
Dormant Bank and Building Society Accounts Act 2008.
https://www.legislation.gov.uk/ukpga/2008/31/contents.
JANPIA, 2022. Data book on dormant deposit utilization scheme. in Japanese
Kamei, A., 2016. Passage of the Dormant Deposits Utilisation Act. Daiwa Institute of Research. in Japanese
Korea Inclusive Financial Agency., 2023, The Management and Utilization of Dormant Deposit.
Lee, S., Lee, J.-Y., 2017. Improvement of Managing Unclaimed Property in the Financial Sector. KIF Finance. Rep. 2017-03. in Korean
Mizutani E., 2014. How to utilize them? Dormant deposits - To create a scheme to support “the solution of social problems by the private sector.” Mitsubishi UFJ Research and Consulting, Tokyo. in Japanese
National Diet Library, 2016. Diet Record for The 192nd Session of the National Diet House of Councillors Committee on Financial Affairs No.7.
https://kokkai.ndl.go.jp/simple/detail?minId=119214370X00720161201 in Japanese
Social Entrepreneurship Network Germany e. V. (2020) Nachrichtenlose Assets Reformvorschlag 2. Auflage
https://www.send-ev.de/wp-content/uploads/2021/03/2_Auflage_Nachrichtenlose_Assets.pdf

Sub Unit

Moderator

Individual Presentations